Incoterms 2020

This course is suitable for those working in an export environment and it is suggested that they have already completed the Export Course where Incoterms are introduced.

The course provides an overview of the changes that have taken place between the previous 2010 terms and new 2020 terms. It also provides a comprehensive guide on the obligations and costs that a Buyer and Seller have during a sale to include where risk passes during the transaction from Seller to Buyer.

Course Objectives:

Incoterms - What are they-

Incoterms - The History

An explanation of Incoterms, what they 'do' and 'do not do'

Discuss what documentation they apply to

Review each of the Incoterms 2020 in detail

Understand the risk, costs, and obligations for both the Buyer and Seller

The main changes from Incoterms 2010

To be able to correctly classify shipments to reflect the mode of transport and be appropriate for the goods

Prices are inclusive of VAT.